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Astral_Trader
Mar 28, 2018 11:00 PM

XRPUSD Bearish Symmetrical Triangle Formation Short

XRP / DollarBitfinex

Description

XRPUSD Has been for sometime now in a very bearish trend. There is no fighting this so why not earn while we go down right guys?
What I am watching play out here is another(!) bearish pattern forming on XRPUSD. As you can see I am already in the trade and things have stayed in profit the entire time.

Watch with me as we see this trade play out.

Trade closed: target reached

Target has been reached trade closed!
Comments
ParthibanRajendran
Trade closed means you bought at that dip? or sold before dip that broke your converging lines?
Astral_Trader
@ParthibanRajendran, This was a short trade, when it reached my 10% profit take zone I just closed the trade to take profit. I then assess what is happening next and either reopen a position or wait for the right time to do so.
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